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JAB Holdings Acquires U.K.-based Sandwich Shop Chain

May 29, 2018: 12:00 AM EST

German family-owned investment group JAB Holdings will acquire the 530-store U.K.-based sandwich shop chain Pret A Manger from private equity group Bridgepoint for $2 billion including debt. Bridgepoint paid $486 million for the chain ten years ago. The purchase price is about 15 times earnings before interest, tax, depreciation and amortization, the people said. Annual sales are about $1.2 billion. 
Javier Espinoza and Arash Massoudi in London, "Deal-hungry JAB to buy Pret A Manger for £1.5bn", The Financial Times, May 29, 2018, © The Financial Times Limited
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